The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-05-30
~BRADsTREET,s REVIEW.

Condition OF the Wool Trade-Country Mar
kots Excited-Busines In Metals.
Bn1d.tutt.
Holders Of new wool In the Yves. ant
5outh continue to manifest extreme view
Of the possibilities OF the new clip, AMI
the country markets as q whole are eI
cite. Buyers for local mills aud specu
lators are operating freely. But little hsl
been done, 30 far, by representatives 0
Eastern houses except In Southern Cali
tornia, where some large purchases have
been made. They have also bough'
medium woods In Kentucky and Missouri
This inactivity, however, apparently can
not continue much longer. Fresh sup
plies must be had on some terms. The
prevailing opinion Of the prospects, held
by buyers In the distributing markets j.
given by the Chicago Wooi Journal as FOL
lows:
At all points where new woods are being
sold the frmness Of buyers prevents any
general movement from first hands. For
any wool merchant or middleman to pay
at the outset the prizes asked would be
speculation pure and simple. Whether
the buyer would ever get out OF his pur.
chases without loss would depend on an
advance in the distributing markets.
Something OF an advance at tho seaboard
La likely to occur after the arrival OF the
new clip, but in view Of tho present con.
dition OF the manufacturing industry,
dealers fear that 1t will be impossibls TO
secure prices Oh a par with those now de.
manded In the interior. Fine woods in tho
country are quoted about 3 conts and me-
dunn woods 5aG cents higher than last
year. Freight rates from San Francisco to
New York and Boston by the Islhmus oil
Panama are down to 62t and rs cents, re.
spectively, for greasy and secured wool.
The Canadian Pacific Go. makss the same
rates and the figure via Cape Horn Is so
cents per 100 pounds. No material change
has occurred in the State Of the distribu.
ting markets. While the inquiry for sup.
plies Oh the part Of manufacturers is a
little better thsn last week, 1t mas not be.
come pronounced enough to raise prices.
The principal mills arc still LAYING In
stock only for nearby wants. Some OF
them are virtually buying only from week
to week. Nevertheless, the excited tone
in the country makes the situation on tho
eeabosrd stronger than 1t would BIZ other
wise. The inquiry for stock is, il any.
thing, more general than last week. In
the English markets. business Is quiet,
with steady prices. Spinners there as
well IS here are waiting for new wool be-
fore investinghesvily. The trado returns
Tor the four months ending April 80 show
an increase Of IS. $500 0 III The value Of
imports Of wool into the United Kingdom,
as compared with the corresponding pc.
Rod OF last year. At Glasgow and Brad.
ford the feeling is hopeful without special
activity.
The strength Of tho new clip through
out the West is reflected to some extent
in Boston, where the market is firm at re-
cent quotations aud inquiry is a little
more general than Of late. No extensive
arrivals OF supplies are reported. Medium
wools receive more attention than other
descriptions, ss they have for some time
past, and the scarcity is go apparent that
values are steady. There is but little re-
quest for Ohio aud Pennsylvania ieeces
or for Michigan wools. Combing and de-
laine IRE quiet. Enough old wool is still
on hand to fill the gap before the receipts
Of the years product. Texas spring stuff
shows sn advance. but in other selling
prices there is no change. Current quota
tious are as follows in comparison with
lSst wear.